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Document Preview Sale and Purchase Agreement |
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Title: |
Sale and Purchase Agreement |
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Entities: |
Abbey National plc; Goldman Sachs International; Banco Santander Central Hispano SA |
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Date: |
2006 |
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Size: |
Preview shows 39KB of 404KB total |
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Price: |
$99 |
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ID: |
#2156853 |
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1. |
INTERPRETATION | 1 | ||||
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2. |
SALE AND PURCHASE | 22 | ||||
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3. |
CONDITIONS; STEPS TO COMPLETION | 23 | ||||
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4. |
OVERSEAS REGULATORY CONSENTS | 26 | ||||
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5. |
CONDUCT OF BUSINESS BEFORE COMPLETION | 27 | ||||
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6. |
CONSIDERATION | 30 | ||||
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7. |
COMPLETION | 31 | ||||
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8. |
GROUP AND RETAINED GROUP GUARANTEES | 32 | ||||
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9. |
INTER-COMPANY BALANCES | 33 | ||||
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10. |
SELLERS WARRANTIES AND UNDERTAKINGS | 36 | ||||
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11. |
PURCHASERS AND GUARANTORS WARRANTIES | 40 | ||||
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12. |
PURCHASERS REMEDIES AND SELLERS LIMITATIONS ON LIABILITY | 41 | ||||
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13. |
WRONG POCKET ASSETS | 41 | ||||
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14. |
WRONG POCKET CONTRACTS | 43 | ||||
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15. |
INTELLECTUAL PROPERTY | 44 | ||||
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16. |
ABBEY MARKS | 45 | ||||
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17. |
PENSIONS | 46 | ||||
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18. |
EMPLOYMENT | 49 | ||||
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19. |
SHARE SCHEMES | 52 | ||||
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20. |
INSURANCE | 53 | ||||
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21. |
PROPERTY | 54 | ||||
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22. |
THE DEMUTUALISATION SCHEMES | 54 | ||||
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23. |
COMMUNICATIONS | 56 | ||||
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24. |
GUARANTEE | 56 | ||||
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25. |
ACCESS | 58 | ||||
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26. |
EFFECT OF COMPLETION AND PART VII TRANSFER | 59 | ||||
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27. |
REMEDIES AND WAIVERS | 59 | ||||
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28. |
ASSIGNMENT | 60 | ||||
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29. |
FURTHER ASSURANCE | 61 | ||||
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30. |
ENTIRE AGREEMENT | 61 | ||||
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31. |
NOTICES | 61 | ||||
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32. |
ANNOUNCEMENTS | 62 | ||||
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33. |
CONFIDENTIALITY | 63 | ||||
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34. |
COSTS AND EXPENSES | 65 | ||||
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35. |
COUNTERPARTS | 65 | ||||
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36. |
INVALIDITY | 66 | ||||
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37. |
CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 | 66 | ||||
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38. |
CHOICE OF GOVERNING LAW | 66 | ||||
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39. |
JURISDICTION | 66 | ||||
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Schedule 1 (Conditions) |
67 | |||
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Schedule 2 (Steps to Completion) |
70 | |||
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Schedule 3 (Conduct of Groups business before Completion) |
75 | |||
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Schedule 4 (Apportionment of Consideration) |
79 | |||
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Schedule 5 (Completion arrangements) |
80 | |||
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Schedule 6 (Warranties) |
84 | |||
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Schedule 7 (Limitations) |
123 | |||
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Schedule 8 (Basic information about the Companies) |
134 | |||
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Schedule 9 (Basic information about the Subsidiaries) |
142 | |||
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Schedule 10 (Group and Retained Group Guarantees) |
171 | |||
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Schedule 11 (Key Intermediaries) |
172 | |||
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Schedule 12 (Senior Employees) |
173 | |||
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Schedule 13 (Relevant Properties) |
178 | |||
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Schedule 14 (Property matters) |
185 | |||
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Schedule 15 (Flame and Umbrella Logos) |
189 | |||
| THIS AGREEMENT is made on 7th June 2006 between: | ||||||
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| 1. | ABBEY NATIONAL PLC, a company registered in England and Wales under registered number 02294747 with its registered office at Abbey National House, 2 Triton Square, Regents Place, London NW1 3AN (the Seller); | |||||
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| 2. | RESOLUTION LIFE LIMITED, a company registered in England and Wales under registered number 04560778 with its registered office at Edward Pavillion, Albert Dock, Liverpool, Merseyside L3 4SL (the Purchaser); and | |||||
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| 3. | RESOLUTION PLC, a company registered in England and Wales under registered number 03524909 with its registered office at Juxon House, 100 St Pauls Churchyard, London EC4M 8BU (the Guarantor). | |||||
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| WHEREAS: | ||||||
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| (A) | The Seller is the beneficial owner of the entire issued share capital of each of the Companies. | |||||
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| (B) | The Companies directly or indirectly beneficially own the entire issued share capital of each of the Subsidiaries. | |||||
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End of Preview |
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